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Russian Deputy Finance Minister Aleksey Moiseev informed a reporter that the Russian government would be banning Bitcoin within one year. That was in September, only a month ago, and it seems that they are moving forward much more rapidly. The Russian news blog, bitmakler.com, announced on October 5th that the Finance ministry has proposed a fine of up to 1 million rubles for the “production and use of money surrogates in Russian”.
Let’s face it: the risk of money laundering, which is often cited in statements on cryptocurrencies by numerous central banks across many countries does not affect the average person. The overwhelming majority is not “terrorists” and doesn’t seek to procure illegal drugs nor deal in weapons or human trafficking.
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One fine body…